Chicago Bears Arlington Park Stadium Development

planned

The Chicago Bears own the former Arlington Park Racecourse in Arlington Heights and are considering developing a new stadium there. The project involves a stadium district development with potential property tax breaks under a bill in the Illinois General Assembly. The development is planned to be a megaproject with at least $500 million in eligible costs, including property purchase, and is expected to be completed within 7 to 10 years, with possible extensions. The stadium site must be operated for at least 20 years, with tax incentives lasting 23 to 40 years. The project includes concerns about property tax reductions and incentives for lawmakers.